South Korean company Taihan Cable and Solution has announced that it will establish a joint venture in Saudi Arabia to produce ultra-high-voltage cables. It is the first time it will have built an ultra-high voltage cable plant overseas.
The company has joined forces with the Mohammed Al-Ojaimi Group, a Saudi Arabian EPC company specializing in power transmission and distribution. The two companies signed a Memorandum of Understanding (MoU) in Dubai of the United Arab Emirates (UAE) on March 9.
A site for the factory has been secured in a high-tech industrial complex in Riyadh. This is owned by the Mohammed Al-Ojaimi Group and is adjacent to Saudi Taihan Cable Co., a subsidiary of Taihan Cable and Solution that produces electric equipment.
A site for the factory has been secured in a high-tech industrial complex in Riyadh
Taihan Cable and Solution is planning to expand the market for its 380kV ultra-high-voltage cables from Saudi Arabia to the GCC region, including Qatar and Kuwait, and Europe.
Currently, Taihan Cable and Solution has five production plants: a cable factory and a power equipment factory in Dangjin, South Chungcheong Province, in Korea; an HV cable factory in Vietnam; an MV cable factory in South Africa; and an electric equipment factory in Saudi Arabia. The company is also building a submarine cable plant in Dangjin and has an optical cable plant in Kuwait.